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Coffee Higher 5th Day In A Row

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Coffee Futures---Coffee futures in the July contract is trading higher for the 5th consecutive session up another 75 points at 105.35 a pound continuing its bullish momentum as prices are now at a 3 month high. Fundamentally speaking this market is turning the corner as heavy rains could delay harvest coupled with the fact of frost concerns in the country of Brazil as that is pushing prices higher in the short-term.

The large money managed funds had a record short position, but they have been off setting that as they are part of the reason for this recent rally coupled with the fact that inventories of coffee have now hit an eight-month low at 2.393 million bags so continue to play this to the upside.

I have been recommending a bullish position from around the 95.80 level and if you took that trade continue to place the stop loss under the 14 year low which remains at 87.60, however later this week I will raise the stop loss.

The volatility in coffee is starting to expand which is a terrific thing to see with the next major level of resistance around the 110 area and I think that will be tested in this weeks trade as I see no reason to be short.




If you are looking to contact Michael Seery (CTACOMMODITY TRADING ADVISOR) at 1-630-408-3325 I will be more than happy to help you with your trading or visit

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About the author

Michael is the sole owner of SEERYFUTURES.COM which is a commodity futures and options consulting, advisory, and educational firm.

Michael frequently appears on multiple business networks including Bloomberg News, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He also writes market commentary for several commodity websites and is interviewed for commodity comments by the Wall Street Journal. He is also a guest on First Business, which is a national and internationally syndicated business show.
Michael started his career in 1990 at the Chicago Board of Trade as a runner. He soon worked his way up to becoming a Series 3 broker. He works with seasoned traders as well as novice beginners educating them on trading the futures markets as well as using simple and complex option strategies. Michael covers all markets including grains, metals, energies, and all other futures markets that are traded.
To Michael the biggest lesson any trader needs to learn is risk management. Michael believes this is the most important factor in trading. He also works with traders to help them determine the proper risk for their trading style. Michael has spent a lot of time educating his clients to help them understand trading strategies and trading techniques while enjoying spending quality time with customers going over the markets or just talking general trading philosophies.

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